GOLD COAST REAL ESTATE - ACTUAL EXAM
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Farming - one type or style of property or on one particular neighborhood
(chapter 1)
Farm Area (Target Market) - The area in which a real estate professional
concentrates their efforts. (chapter 1)
Comparative Market Analysis (CMA) - A value estimate based on recent
sales of similar properties in the same neighborhood (not referred to as an
appraisal) ch. 1
MULITPLE LISTING SERVICE (MLS) - provides the opportunity to market
listings to a thousand of other local and statewide licensees and potential buyers
(ch. 1)
Tract building - when a developer acquires a large tract of land, records a
subdivision plat map, and uses a model center from which sales may be made.
(ch. 1)
local level - Planning, zoning, property taxation, building and health codes
and regulations, and building moratoriums that affect development play a
significant role in the cost and desirability of real estate (ch. 1)
,comission - Florida Real Estate Commission (FREC)
Department - The department of Business and Professional Regulations
(DBPR)
Divison - Division of Real Estate (DRE)
Broker Associate - A person who holds a broker's license but chooses to
register and work in real estate under the direction of another broker.
Do you have to be a resident or citizen of the United States to apply for a Florida
real estate license? - No
Application Denial - You have 21 days to send a formal letter to the
department for a hearing if:
Employment by a broker - licensed and regsistered
only can work for 1 broker at a time
Employment by an owner-developer - An owner - developer is an individual
or entity who is in the business of buying, owning, and/or developing real estate.
The owner- developer must register with the Department but does not receive a
real estate license.
Sales associate first renewal - - 45 hour post license course
- no grace period
, Attorney-in-fact - A person given the authority to act on behalf of another
under a power of attorney.
Powers of the Department - - seek an injunction against a licensee for not
following department order
- can;t issue it tho
executive power of commissions - can be exercised by the chairperson
acting alone or can be delegated by quorum by vote of commission member
Disciplinary Authority of the Commission - A licensee who is found to be
guilty of a violation may receive one of the following disciplinary actions,
1. Be issued a reprinted or an administrative fine up to $5,000 per offense
2. Be placed on probation
3. Have their license suspended for up to 10 years or permanently revoked.
Subsequent renewals - -Biennial, CE 14 hours
- failure to renew license before expiration will result license to go in involuntary
inactive status
If broker license is suspended or revoked - all people employed under such
broker become automatically inactive
If a licensee decides to let no longer practice real estate they can? - return
license and cancel it
COMPLETE QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW!!
Farming - one type or style of property or on one particular neighborhood
(chapter 1)
Farm Area (Target Market) - The area in which a real estate professional
concentrates their efforts. (chapter 1)
Comparative Market Analysis (CMA) - A value estimate based on recent
sales of similar properties in the same neighborhood (not referred to as an
appraisal) ch. 1
MULITPLE LISTING SERVICE (MLS) - provides the opportunity to market
listings to a thousand of other local and statewide licensees and potential buyers
(ch. 1)
Tract building - when a developer acquires a large tract of land, records a
subdivision plat map, and uses a model center from which sales may be made.
(ch. 1)
local level - Planning, zoning, property taxation, building and health codes
and regulations, and building moratoriums that affect development play a
significant role in the cost and desirability of real estate (ch. 1)
,comission - Florida Real Estate Commission (FREC)
Department - The department of Business and Professional Regulations
(DBPR)
Divison - Division of Real Estate (DRE)
Broker Associate - A person who holds a broker's license but chooses to
register and work in real estate under the direction of another broker.
Do you have to be a resident or citizen of the United States to apply for a Florida
real estate license? - No
Application Denial - You have 21 days to send a formal letter to the
department for a hearing if:
Employment by a broker - licensed and regsistered
only can work for 1 broker at a time
Employment by an owner-developer - An owner - developer is an individual
or entity who is in the business of buying, owning, and/or developing real estate.
The owner- developer must register with the Department but does not receive a
real estate license.
Sales associate first renewal - - 45 hour post license course
- no grace period
, Attorney-in-fact - A person given the authority to act on behalf of another
under a power of attorney.
Powers of the Department - - seek an injunction against a licensee for not
following department order
- can;t issue it tho
executive power of commissions - can be exercised by the chairperson
acting alone or can be delegated by quorum by vote of commission member
Disciplinary Authority of the Commission - A licensee who is found to be
guilty of a violation may receive one of the following disciplinary actions,
1. Be issued a reprinted or an administrative fine up to $5,000 per offense
2. Be placed on probation
3. Have their license suspended for up to 10 years or permanently revoked.
Subsequent renewals - -Biennial, CE 14 hours
- failure to renew license before expiration will result license to go in involuntary
inactive status
If broker license is suspended or revoked - all people employed under such
broker become automatically inactive
If a licensee decides to let no longer practice real estate they can? - return
license and cancel it
